Home Latest Stories GCB Bank and Ecobank Ghana control 23.9% of banking industry deposits –...

GCB Bank and Ecobank Ghana control 23.9% of banking industry deposits – Report



The report noted that GCB Bank controlled about 11% in terms of deposits, while Ecobank Ghana led the pack with 12.4%.

Stanbic, Absa, Consolidated Bank Ghana, Fidelity and Standard Chartered Bank placed 3rd, 4th, 5th, 6th and 7th respectively.

On loans, Ecobank Ghana dominated the industry, controlling 10.4% of the assets last

The report stated that Zenith Bank Ghana is the number one bank in financial performance in 2020.

Standard Chartered Bank moved into the 2nd position, whilst Ecobank which was 2nd in 2019 and GCB Bank placed 3rd and 4th respectively.

National Investment Bank and OmniBSIC were not captured in the report.

The rankings emanated from an assessment of the credit worthiness and performance of the banks using capital adequacy ratio, assets size, management capability, earnings and liquidity.

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